Login ID:
Partner Login
Contact Us : 7066511911

Chana Traded Mixed in Major Spot Markets

27 Oct 2020 9:26 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities control) – Chana prices traded mixed, as per quality, on Tuesday, in major markets amid thin mill buying and supply of Chana/Kabuli Chickpea from overseas.

However, Chana futures settled higher today due to break in release of port peas stocks. But the key driver will be demand for besan and dals which is not picking up as yet.

NAFED has suspended all Chana sell auctions till further notice.

Chana for November delivery on National Commodity and Derivatives Exchange (NCDEX) settled 1.5 percent or Rs 79 higher at Rs 5,322/100kg. Earlier in the day, the contract hovered in the range of Rs 5,235 and 5,333.

Open interest of top 10 trading clients in the long side was 29510 MT, whereas the short position of top ten clients was 32790 MT. The net position of top 10 clients was net short by 3280 MT.

Open interest for November contract decreased to 51580 lots against 52270 lots.

On other hand, Open interest for December contract increased to 20000 lots against 16510 lots.

Chana stocks at NCDEX accredited warehouses stood at 40872 metric tonnes as on 26th October, up from 40771 metric tonnes in the previous session, the exchange data showed.

As per our analyst, today the rebound in market was in reflection to our view and buying came in at lower prices. With stocks already depleted prices towards 5250 levels were considered as bargain buy. NCDEX Chana futures are likely to stay above 5250/5300 levels to trade towards 5350/5400 in coming sessions.

Spot Chana Prices In Key Indian Markets:

(By Commoditiescontrol Bureau; +91-22-40015513)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Spot Turmeric Generally Muted amid Dull Demand, Carryov...
Spot Jeera Sheds Rs 10 in Unjha amid Reduced Arrivals; ...
Coriander Futures Crash Further Tracking Dull Spot Cues...
India Spices Export Offer Price - 24 NOVEMBER 2020
Spot Jeera Declines By Rs 10-25/20Kgs in Unjha, Rajkot;...
Top 5 News
Indian Govt. reduces import duty in CPO by 10% effectiv...
Rice steadies in Punjab, Delhi, Haryana millers raise p...
Cotton Prices Hold Steady in A.P-Telangana; Andhra Prad...
Branded Processed Pulses At Mumbai APMC Market- 26th No...
Karnataka Cotton Holds Steady for Third Straight Sessio...
Top 5 Special Reports
USD/INR (Dec ‘20) – Bearish Price Trend / More Downside...
USD/INR (Dec ‘20) – Bearish Price Trend / More Downside...
USD/INR (Nov ‘20) – Consolidating Near Key Support (74....
Copyright © CC Commodity Info Services LLP. All rights reserved.